Riding the Market Data Tsunami
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Jeff Wells, senior vice president, product development for Reuters, assesses the impact of market data traffic peaks.
Is the term "tsunami" an overstatement? In mid-1997, we saw peaks of 900 messages per second come from the listed, Nasdaq and equity options markets. By February 2004, the tally was 31,000 messages per second in total—a 34-fold increase. By next year, we’ll see 62,000 messages per second at a U.S. market open. That qualifies as a tsunami.
The explosion of market data is due to the
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